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Unread 11-29-2010, 07:17 AM
gnutrade.satya gnutrade.satya is offline
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Smile Commodity market Crude Oil prices ended up lower

Oil prices ended up lower, pressured as Europe's debt crisis pushed the euro to a two-month low against the dollar but with pipeline and refinery snags and geopolitical tensions helping limit oil's losses. Commodity-related shares led U.S. equities lower, as investors unloaded risky assets on worries that euro-zone debt problems may continue to spread.
Tim Evans, energy analyst at Citi Futures Perspective in New York said: "It was a relatively strong performance for crude given the rally in the dollar and the slip in the S&P. A bullish market sentiment has investors focusing on bullish news and ignoring bearish news."
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